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Exxon clash with Chevron hinges on change of control of Hess’ Guyana asset, sources say

Sabrina Valle, Reuters HOUSTON EnergiesNet.com 07 19 2024 Exxon Mobil’s (XOM.N), legal bid to stop Chevron’s (CVX.N), proposed $53 billion acquisition of Hess (HES.N), rests on whether the transaction would involve a change of control of Hess’ prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S. oil producers are in an arbitration battle over the world’s largest

Exxon Plans to Drill Up to 30 Wells for its Seventh Oil Project in Guyana

Sabrina Valles, Reuters HOUSTON/GEORGETOWN EnergiesNet.com 07 16 2024 Exxon Mobil Corp (XOM.N), plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in

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